The recently released 2024 U.S. Investor Intentions Survey by CBRE Group Inc. found more than 60% of respondents expect to purchase more real estate in 2024 than they did last year. But most are waiting to see what the Federal Reserve decides to do with interest rates at its meetings later this year.
The Federal Reserve has indicated a good chance of three quarter-point drops by year’s end. But markets have taken a bit of good news and stretched it out beyond what might be realistic. That could be bad news in the end.
Markets Are Excited About Rate Cuts. They Might Be Disappointed Read More »
The founder and chairman of privately held Equity Group Investments said in a recent Fox Business interview that there’s little comfort to be had in the recent softening mortgage rates because the Federal Reserve is likely to continue with its string of rate hikes to catch up in taming inflation. CLICK ON THE HEADLINE FOR MORE
